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Author Question: Falana received 7,000 in cash from a client for professional services rendered. This transaction ... (Read 91 times)

viki

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  • Posts: 525
on: Jul 5, 2018
Falana received 7,000 in cash from a client for professional services rendered. This transaction would
 a. increase assets and increase owner's equity.
   b. decrease assets and increase owner's equity.
   c. increase liabilities and decrease owner's equity.
   d. decrease assets and decrease owner's equity.

Question 2

ABC system is likely to provide high benefits to a company whose products that the company is well-suited to make and show small profits.
 
  Indicate whether this statement is true or false.


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otokexnaru

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

Answer: TRUE


viki

  • Member
  • Posts: 525
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

steff9894

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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